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  • Lead Belly

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    Well that's funny right there, but it does raise a point...
    Anytime you get a group of people...there would be issues- no matter the intent. Consensus is difficult/impossible to obtain- especially for a group of very non-traditional thinkers.

    Alternative is much more expensive and these same "unique-minded folk" will have to fit in somewhere "normal", such as Del Boca Vista, Phase 2, building 4.

    This is a long-shot, by far. To not try, is to fail. If nothing else, it helps people consider their options and maybe make more informed choices.

    When I am offered 3 choices: A, B or C....I chose D and forge my own route.
     

    MountainGirl

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    Depending on interest, 1-2 dozen?
    Oh brother, there is interest.

    If you're serious about doing this, maybe put some preliminary numbers together and figure out ownership structuring - unless you're going to fund/develop it yourself - so we all know if we'll be renting or buying into a membership to the TGT Old Folks Community... and how much up front money that'd take... to reserve a spot even if wasn't ready for a couple years.

    Need the broad strokes, my friend.
    Details can come later. :)
     

    benenglish

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    I've been away from this thread trying to find and review my long term care insurance. I come back to find you've laid plans for the place I want to live.

    I've been planning the range in my mind for a long time. I've got the general principles down pat for rifle and pistol. Shotgun? We'll need someone else to consult on that. Or maybe serious shotgun shooters won't be attracted to the place and would prefer to roll their own. After all, most of them seem to be more financially blessed than the average rifle guy...and us pistol shooters are the poorest of the lot. At least it seems that way.

    If this place existed in the serious planning stages, I'd be happy to put up $100K for a reservation and pay another $300K at move-in. (There are unspoken assumptions in that pledge, FYI.)

    The population center of Texas is roughly close to the town of Holland. Without El Paso, it moves further east. I'd suggest a location in that direction that's a two hour drive from The Woodlands, which is about as long as anyone should have to drive to see a medical specialist.

    The problem with that location is that it's in the middle of the so-called Texas Triangle. Real estate there is already expensive and costs will go through the roof over the next 20 years as China collapses and America re-industrializes. In ten years, that will be the most sought-after real estate in the U.S. for light industry and more.

    Y'all wanna do this? We would need to move sooner rather than later.
     

    Lead Belly

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    Like Ben says, numbers depend on land price primarily. There are significant costs in turning a field into a neighborhood- Infrastructure (road, water, drainage, elec supply) being the bulk.

    We'd all need to tap-into our networks of experts- tax planning, urban planning, legal...I've sent out some feelers and am gathering a more concrete idea of what all is entailed.
     

    Lead Belly

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    One creative avenue to explore is where you don't even own your house, the community, inc owns everything and you have a share in that combined with a life-estate: ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death, when the property rights may revert to the original owner. Your heirs could then sell your share as you instruct. We'd need to be creative.

    I've lived in a community where the developer kept rights to all the golf course/country club/amenities and passed that on to his grandkids- who have zero motivation to spend on upkeep of the cash-cow that collects escalating monthly fees. Those are the types of things we'd need to ensure can't happen. Mini-municipality fiefdom.
     

    Lead Belly

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    My vision is for small, efficient homes, but a huge component is adult kids/grandkids that visit. Everyone having extra bedroom defeats that goal of small, efficiency.

    One viable workaround is the community owns a few casitas/cabins that they rent-out to visiting family for the week they are there, ala hotel room stay, but not at gouging prices of a marriot. Limits would come into play there. The community benefits from any revenue, thus lowering overall costs.
     

    benenglish

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    One viable workaround is the community owns a few casitas/cabins that they rent to visiting family for the week they are there ala hotel room stay, but not at gouging prices of a marriot.
    Highrise condos frequently do that - keep a couple of the least desirable units empty and use them as reduced-price hotel rooms available for use exclusively by current residents.
     

    kbaxter60

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    One viable workaround is the community owns a few casitas/cabins that they rent-out to visiting family for the week they are there, ala hotel room stay, but not at gouging prices of a marriot. Limits would come into play there. The community benefits from any revenue, thus lowering overall costs.
    Love it. The guest cabins!

    That said, I can't tell if y'all are being serious...
     

    Lead Belly

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    I'll post some floorplans that look inviting. Replace the den with saferoom, if you like.
    Love it. The guest cabins!

    That said, I can't tell if y'all are being serious...
    Absolutely. it costs nothing at this stage to dream and brainstorm.

    I was part of developing a community not too different than this in Arizona in the 1980's. Wildly successful.
     

    MountainGirl

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    One creative avenue to explore is where you don't even own your house, the community, inc owns everything and you have a share in that combined with a life-estate: ownership of immovable property for the duration of a person's life. In legal terms, it is an estate in real property that ends at death, when the property rights may revert to the original owner. Your heirs could then sell your share as you instruct. We'd need to be creative.
    That's the kind of info I was looking for, and not a bad idea. Tks!

    I've lived in a community where the developer kept rights to all the golf course/country club/amenities and passed that on to his grandkids- who have zero motivation to spend on upkeep of the cash-cow that collects escalating monthly fees. Those are the types of things we'd need to ensure can't happen. Mini-municipality fiefdom.

    Y'all will get it figured out and I hope it happens for you fine people; I pray it does. :)

    My nature needs something in-between what is evolving here and simplicity like Moonpie's van by the river, lol - so when the time comes to leave TenOaks I'll likely head back north.

    Then again, ya never know what's ahead.
    Like they say - Man plans, God laughs. :laughing:
     

    Lonesome Dove

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    Get the van or a motor home and head to the Guadalupe River. It's a beautiful place and the surroundings are right on par with the river. Lot's of vinyards to visit, nice eateries, all kinds of wildlife and exotics to see.
    Fishing is good just find a place to shoot. Live, Love and be happy
     

    Lead Belly

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    That's the kind of info I was looking for, and not a bad idea. Tks!


    My nature needs something in-between what is evolving here and simplicity like Moonpie's van by the river, lol - so when the time comes to leave TenOaks I'll likely head back north.
    :laughing:
    If people would prefer to hold their own deed, then by all means, that is the way to go-if it's what everyone would want. Folks were asking how to lock-in low taxes- creative loopholes, like perhaps a preservation/conservation easement for the deer property (if that is important). Or ag exemptions.

    It's cold up North. Old bones and cold don't mix, is why I am so keen on in-floor radiant floor heating: makes you feel like an old dog lounging in the sun. Slab is terrible for my feet and knees and forced-air heat just dries out my brain.
     

    ZX9RCAM

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    It's cold up North. Old bones and cold don't mix, is why I am so keen on in-floor radiant floor heating: makes you feel like an old dog lounging in the sun. Slab is terrible for my feet and knees and forced-air heat just dries out my brain.

    Out of curiosity, don't you have a slab, while having in-floor radiant heating?

    How is that different for your knees?
     
    Every Day Man
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